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Veefin Solutions Ltd
  • Registered Office: # 601 602 & 603 Neelkanth,Corporate IT Park Kirol Rd Vid, Mumbai - 400086, Maharashtra, India. Phone : +91 9004917712   Fax:
  • Email : investors@veefin.com
  • Website :www.veefin.com
Initial public offering of 56,99,200 equity shares of face value of Rs. 10/- each ("Equity Shares") of Veefin Solutions Limited ("Veefin" or "The Company" or "The Issuer") for cash at a price of Rs. 82/- per equity share (including a premium of Rs. 72/- per equity share) ("Offer Price") aggregating to Rs. 46.73 crores comprising of fresh offer of 28,49,600 equity shares aggregating to Rs. 23.37 crores ("Fresh Offer") and an offer for sale of 28,49,600 equity shares by Raja Debnath, Gautam Vijay Udani and Ajay Babu Rajendran ("Selling Shareholders") aggregating to Rs. 23.36 crores ("Offer for Sale") ("The Offer") of which 2,88,000 equity shares aggregating to Rs. 2.36 crores will be reserved for subscription by market maker ("market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 54,11,200 equity shares of face value of Rs. 10/- eachat an offer price of Rs. 82/- per equity share aggregating to Rs. 44.37 croress ("Net Offer"). The offer and the net offer will constitute 26.90% and 25.54% of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the offer price is 8.2 times of the face value.
Issue
Opens On Closes On
22-Jun-23 26-Jun-23
Money Payable On
Application Allotment
82.00 0.00
Minimum Application for shares in Nos : 1600 Further Multiples of : 1600
Cr Lead Managers to the Issue
Project Cost (.Cr) 22.84 Shreni Shares Pvt Ltd
Project Financed through Current Offer (.Cr) 46.73  
Post Issue Equity Share Capital (.Cr) 21.19
Issue Price () 82.00
Projects
Global Sales & Marketing Expenditure
Developing new Products or enhancement & maintenance upgrading or updating existing products
General corporate purposes
Promoted By
Raja Debnath
Gautam Vijay Udani
Listing At
BSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd